Euro Bulls Hope for Too Much, Too Soon

By

David Cottle

September 29, 2011

It looks as though the foreign-exchange market's euro bulls have rather selective hearing.

The common currency got a boost this week as they digested the outcome of the weekend's International Monetary Fund meeting in Washington. The IMF came up with some more hopeful rhetoric, promising resolute if unspecified action to help crisis-hit Europe deal with its problems.